EU not City dictates capital’s future November 15, 2010 THERE is something magical about the Lord Mayor’s annual banquet at the Guildhall. One is surrounded by pomp and pageantry; all the guests are decked out in white tie and tails, and dozen upon dozen of Britain’s top business executives make the time to listen to the Prime Minister, the Lord Mayor, the Lord Chancellor [...]
Government wields axe on nearly 200 quangos and plans to merge many others October 14, 2010 ALMOST 200 quangos face the axe as part of government proposals to save millions of pounds while a further 481 face reform, the Cabinet office revealed yesterday. The closures will lead to thousands of job losses and are likely to create a substantial redundancy bill for the government, although it claimed yesterday in the long [...]
PERSONAL FINANCE NEWS October 21, 2010 HOME INSURANCE COMPETITION HOTS UP Independent research firm Defaqto has released a report suggesting that the home insurance sector could be in for a rough ride over the next few years, with hot competitionplaying a role. The number of providers has reportedly grown 73 per cent since 2004, driven in part by websites that let [...]
Strikes and Brussels cripple London September 6, 2010 BY one estimate, today’s strikes will cost London £50m. That is hugely expensive for an exercise in grandstanding by politically motivated militants – and it fails to quantify intangible costs such as stress, inconvenience and general misery. Anyway, if you are reading this in a print copy of City A.M., congratulations – you’ve made it [...]
FACT BOX | EUROPEAN BANKING LAWS October 7, 2010 PAY RULES The European Parliament last week endorsed a skeleton law for the first EU-wide curbs on excessive pay in the banking sector from January 2011. CEBS MEETING The Committee of European Banking Supervisors (CEBS), a panel made up of financial watchdogs from each member state, is the body that conducted the banking stress tests [...]
Square Mile roadworks are a necessary evil August 22, 2010 LAST week, London First published a report entitled “Road Sense”, looking at how to best strike a balance between the costs and benefits of works taking place on the streets of London. As anyone who visits the City with any degree of regularity will be able to testify, streetworks (for, traditionally, there are no highways [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 4, 2010 FINANCIAL TIMES EU NATIONS WIN A YEAR’S REPRIEVE ON STATE AID European governments will be allowed to provide soft loans and other concessionary support to their banking and industrial sectors for one more year because of the lingering effects of financial crisis, according Europe’s top competition regulator. But in an interview Joaquín Almunia, European Union [...]
Metro Bank targets 10pc of London market July 23, 2010 METRO Bank, which will be Britain’s first new High Street lender to launch in more than 100 years, has a long-term goal to grab up to 10 per cent of the capital’s retail and commercial banking market. “It is a reasonable aspiration to say that, after 10 years, we will have between five and 10 [...]